Detailed Single Year Tables

Description of Proposed Provision:
Beginning with those newly eligible for OASI benefits in 2022, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2059. Beginning with those newly eligible for OASI benefits in 2017, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2054. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2014

13.95

12.67

-1.29

320

0.00

0.00

0.00

2015

13.97

12.92

-1.05

306

0.00

0.00

0.00

2016

13.97

12.89

-1.08

292

0.00

0.00

0.00

2017

13.97

12.91

-1.06

277

0.00

0.00

0.00

2018

14.02

12.93

-1.08

262

0.00

0.00

0.00

2019

14.15

12.95

-1.20

248

0.00

0.00

0.00

2020

14.33

12.96

-1.37

233

0.00

0.00

0.00

2021

14.50

12.98

-1.52

219

0.00

0.00

0.00

2022

14.73

13.01

-1.72

203

0.00

0.00

0.00

2023

14.99

13.03

-1.96

188

-0.01

0.00

0.01

2024

15.26

13.05

-2.21

171

-0.02

0.00

0.02

2025

15.51

13.07

-2.44

155

-0.03

0.00

0.03

2026

15.74

13.09

-2.65

138

-0.05

0.00

0.05

2027

15.95

13.10

-2.85

121

-0.08

0.00

0.07

2028

16.14

13.11

-3.02

103

-0.11

-0.01

0.10

2029

16.29

13.13

-3.16

85

-0.15

-0.01

0.14

2030

16.41

13.14

-3.27

67

-0.19

-0.01

0.18

2031

16.50

13.14

-3.36

48

-0.25

-0.01

0.23

2032

16.56

13.15

-3.41

29

-0.31

-0.02

0.29

2033

16.58

13.15

-3.43

9

-0.37

-0.02

0.35

2034

16.59

13.16

-3.43

----

-0.44

-0.02

0.42

2035

16.57

13.16

-3.41

----

-0.52

-0.03

0.49

2036

16.52

13.16

-3.36

----

-0.60

-0.03

0.57

2037

16.45

13.16

-3.30

----

-0.69

-0.04

0.65

2038

16.36

13.16

-3.20

----

-0.78

-0.04

0.74

2039

16.25

13.15

-3.09

----

-0.87

-0.05

0.83

2040

16.12

13.15

-2.97

----

-0.97

-0.05

0.92

2041

15.98

13.14

-2.84

----

-1.07

-0.06

1.01

2042

15.84

13.14

-2.70

----

-1.17

-0.06

1.11

2043

15.70

13.13

-2.57

----

-1.28

-0.07

1.22

2044

15.56

13.12

-2.43

----

-1.40

-0.07

1.33

2045

15.42

13.12

-2.30

----

-1.52

-0.08

1.44

2046

15.28

13.11

-2.17

----

-1.65

-0.09

1.56

2047

15.14

13.11

-2.03

----

-1.78

-0.09

1.68

2048

15.00

13.10

-1.90

----

-1.91

-0.10

1.81

2049

14.85

13.09

-1.76

----

-2.04

-0.11

1.94

2050

14.71

13.09

-1.62

----

-2.18

-0.12

2.07

2051

14.57

13.08

-1.49

----

-2.32

-0.12

2.20

2052

14.45

13.07

-1.37

----

-2.47

-0.13

2.34

2053

14.33

13.07

-1.26

----

-2.61

-0.14

2.47

2054

14.21

13.06

-1.15

----

-2.76

-0.15

2.61

2055

14.10

13.06

-1.05

----

-2.91

-0.15

2.76

2056

14.00

13.05

-0.95

----

-3.06

-0.16

2.90

2057

13.90

13.05

-0.85

----

-3.21

-0.17

3.04

2058

13.80

13.04

-0.75

----

-3.36

-0.18

3.18

2059

13.70

13.04

-0.66

----

-3.51

-0.19

3.32

2060

13.60

13.04

-0.57

----

-3.66

-0.19

3.46

2061

13.51

13.03

-0.48

----

-3.80

-0.20

3.60

2062

13.42

13.03

-0.39

----

-3.94

-0.21

3.73

2063

13.33

13.02

-0.31

----

-4.07

-0.22

3.85

2064

13.25

13.02

-0.23

----

-4.20

-0.22

3.97

2065

13.17

13.01

-0.16

----

-4.32

-0.23

4.09

2066

13.10

13.01

-0.09

----

-4.44

-0.24

4.21

2067

13.04

13.01

-0.03

----

-4.56

-0.24

4.32

2068

12.98

13.01

0.03

----

-4.67

-0.25

4.42

2069

12.92

13.00

0.08

----

-4.77

-0.26

4.51

2070

12.87

13.00

0.13

----

-4.87

-0.26

4.61

2071

12.82

13.00

0.17

----

-4.96

-0.27

4.69

2072

12.78

13.00

0.22

----

-5.04

-0.27

4.77

2073

12.73

12.99

0.26

----

-5.11

-0.27

4.84

2074

12.68

12.99

0.31

----

-5.18

-0.28

4.90

2075

12.64

12.99

0.35

----

-5.24

-0.28

4.96

2076

12.59

12.99

0.39

----

-5.30

-0.28

5.01

2077

12.55

12.99

0.43

----

-5.34

-0.29

5.06

2078

12.51

12.98

0.47

----

-5.38

-0.29

5.09

2079

12.48

12.98

0.50

----

-5.42

-0.29

5.13

2080

12.45

12.98

0.53

----

-5.45

-0.29

5.16

2081

12.43

12.98

0.55

----

-5.48

-0.29

5.19

2082

12.42

12.98

0.56

----

-5.52

-0.30

5.22

2083

12.42

12.98

0.56

----

-5.55

-0.30

5.25

2084

12.42

12.98

0.56

----

-5.58

-0.30

5.28

2085

12.43

12.98

0.55

----

-5.61

-0.30

5.31

2086

12.44

12.98

0.53

----

-5.64

-0.30

5.34

2087

12.46

12.98

0.52

----

-5.67

-0.31

5.37

2088

12.49

12.98

0.50

----

-5.70

-0.31

5.40

2089

12.51

12.98

0.47

----

-5.73

-0.31

5.42

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2014 Trustees Report.

2014-2088

14.66%

13.78%

-0.88%

2033

-2.11%

-0.11%

2.00%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.